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Which of the following is true for an interest rate swap? Select one: a. A swap is usually worth close to zero when it is

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Which of the following is true for an interest rate swap? Select one: a. A swap is usually worth close to zero when it is first negotiated b. Each forward rate agreement underlying a swap is worth close to zero when the swap is first entered inta c. Absolute advantage is a valid reason for entering into the swap d. None of the above

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